Earl E. Devaney Joins Oversight Systems' Board of Advisors

ATLANTA, Jan. 9, 2013 /PRNewswire/ -- Oversight Systems, the leader in continuous transaction analytics software, today announced that The Honorable Earl E. Devaney has joined the firm's Board of Advisors. Mr. Devaney brings over 40 years of service at four federal government agencies, most recently as President Obama's choice to oversee the $787 billion American Recovery and Reinvestment Act (ARRA), with expertise in identifying and combating fraud, bribery, and corruption. Mr. Devaney will be advising Oversight in its continuing efforts to leverage software to help its commercial and government customers automate the process for identifying and preventing the unexpected transactions that lead to errors, fraud, and corruption.

"Earl Devaney has been a leader and innovator in leveraging technology to identify errors, fraud, and corruption," said Patrick Taylor, President and CEO of Oversight Systems. "We are delighted that he will be working with us to make our solutions increasingly valuable to senior executives in government and commercial enterprises."

"I am excited by the opportunity to work with the team at Oversight and to bring my experience to continue to improve Oversight's software solutions," said Earl Devaney. "Businesses can benefit from the continuous vigilance that continuous transaction analysis provides and I know first-hand the impact that proactive monitoring can have on identifying and preventing fraud, waste, and corruption."

Mr. Devaney is the retired chairman of the Recovery and Accountability Transparency Board (RATB). Mr. Devaney began his career as a Massachusetts police officer before graduating from Franklin and Marshall College with a degree in government. Immediately following graduation, he started working as a special agent for the U.S. Secret Service. During his 21-year career there, he gained recognition as an expert on white-collar crime and received five U.S. Department of Treasury Special Achievement Awards. He ended his Secret Service career as the Special Agent in Charge of the Fraud Division.

After the Secret Service, Devaney served for eight years as the Director of Criminal Enforcement for the U.S. Environmental Protection Agency (EPA). In 1998, President Clinton presented him with a Presidential Rank Award for his work in public service.

In 1999, President Clinton appointed Devaney as Inspector General of the Department of the Interior. During his tenure at DOI, he headed several major investigations, including those that led to the convictions of Washington lobbyist Jack Abramoff and Interior Deputy Secretary Steven Griles, as well as the two-year investigation into the Minerals Management Service.

About Oversight SystemsOversight Systems is a Continuous Analysis (CA) platform for Big Data that generates actionable insights and competitive advantage without requiring that managers become analytics experts. Our packaged business analytics convert active data such as financial transactions into plain-language alerts that show what happened, why – and what to do about it. Oversight is an SAP Endorsed Business Solution and HANA co-innovation partner. Major global corporations and government agencies rely on Oversight solutions to drive smarter, faster decisions across the organization that contribute directly to the bottom line. Founded in 2003, Oversight Systems is privately held and headquartered in Atlanta, GA.